Recent Posts by EVELYN IVY

In this podcast, you learn how to be growth focus and not busy focus.

As a small business owner, the idea of writing off as much expenses to reduce your tax liability is very appealing. This article discusses some legitimate way to maximize business deductions especially those around meals and advertising. Good planning can help you maximize your deductions without worrying about the IRS knocking at your door. Some ways to maximize deductions are: Taking 100% deduction for meals rather than 50% Generally, business-related meal and

The Patient Protection and Affordable Care Act (AKA Obamacare) enacted by Congress in 2010 changed the way we view healthcare. Both big and small business alike were affected by this act. For instance, big businesses defined as employees with over 50 employees, are required to provide 95% of their employees a minimum essential coverage. If no coverage is provided the employer must pay $2,000 per employee after excluding the first 30 employees. However, if a

Meals and entertainment is one of the most misunderstood tax deductions. Some small business owners assume every meal they consume should be a deductible tax expense. Unfortunately, there are rules business owners must adhere to, to qualify for this deduction. This article discusses some of the factors you should consider. Like any other tax matter, personal situations may vary and it is best to consult with a tax advisor for